TEST BANK FOR
g g
Business and Society Stakeholders Ethics Public Policy 17th Edition By AnneLawren
g g g g g g g g g g g
ce
Chapter 1- g
19 Answers are at the end of Each chapterChapter 1
g g g g g g g g g g
Student name:
g g
TRUE/FALSEg-gWriteg'T'gifgthegstatementgisgtruegandg'F'gifgthegstatementgisgfalse.
1) Agbusinessgisganygorganizationgthatgisgengagedgingmakinggagproductgorgprovidinggagservicegforgag
profit.
⊚g true
⊚g false
2) Thegtermgstakeholdergrefersgexclusivelygtogthegfoundersgofgagbusinessgorganization.
⊚g true
⊚g false
3) Businessesgandgsocietygaregindependentgofgeachgother.
⊚g true
⊚g false
4) Thegstakeholdergtheorygofgthegfirmgarguesgthatgagfirm’sgsolegpurposegisgtogcreateglong-
termgvaluegforgitsgshareholders.
⊚g true
⊚g false
5) Theginstrumentalgargumentgforgthegstakeholdergtheorygofgthegfirmgsaysgthatgcompaniesgp
erformgbettergifgtheygconsidergthegrightsgandgconcernsgofgmultipleggroupsgingsociety.
⊚g true
⊚g false
6) Thegnormativegargumentgforgthegstakeholdergtheorygofgthegfirmgsaysgthatgthegstakeholdergviewgi
sgsimplygagmoregrealisticgdescriptiongofghowgcompaniesgreallygwork.
⊚g true
⊚g false
,7) Nonmarketgstakeholdersgaregthosegthatgengagegingeconomicgtransactionsgwithgthegcompanygasgit
g carriesgoutgitsgprimarygpurposegofgprovidinggsocietygwithggoodsgandgservices.
⊚g true
⊚g false
8) Marketgstakeholdersgincludegnongovernmentalgorganizationsgandgbusinessgsupportggroups.
⊚g true
⊚g false
9) Governmentgcangbegconsideredgbothgagmarketgandgagnonmarketgstakeholder.
⊚g true
⊚g false
10) Theginterestsgofgdifferentgstakeholdersgoftengcoincide.
⊚g true
⊚g false
11) Thegfirstgstepgofgstakeholderganalysisgisgtogidentifygrelevantgstakeholders.
⊚g true
⊚g false
12) Somegscholarsghavegsuggestedgthatgmanagersgpaygthegmostgattentiongtogstakeholdersgp
ossessinggthegleastgsalience.
⊚g true
⊚g false
13) Thegorganizationgofgagcorporation’sgboundary-spanninggfunctionsgisgcomplex.
⊚g true
⊚g false
14) Businessesgaregincreasinglygtryinggtogmeetgtheirgcommitmentsgtogmultiplegstakeholders.
⊚g true
⊚g false
15) Thegexternalgenvironmentgofgbusinessgisgstatic.
⊚g true
⊚g false
,MULTIPLEgCHOICEg-
gChoosegthegonegalternativegthatgbestgcompletesgthegstatementgorganswersgthegquestion.
16) Thegrelationshipgbetweengbusinessgandgsocietygisgmostgaccuratelygdescribedgbygwhichgs
tatement?
A) Businessgisgangunboundedgentitygwithingtheglargergboundedgentitygofgsociety.
B) Societygisgagdistinctgboundedgentitygwithingtheglargergboundedgentitygofgbusiness.
C) Businessgisgagdistinctgboundedgentitygseparategfromgthegboundedgentitygofgsociety.
D) Businessgisgagdistinctgboundedgentitygwithingtheglargergboundedgentitygofgsociety.
17) Accordinggtoggeneralgsystemsgtheory,gboundarygexchangesgaregexemplifiedgbygwhichgofgthegf
ollowing?
A) Angindustrialgcompanyginstallsgnewgequipmentgingitsgplantgtogcomplygwithge
nvironmentalgregulations.
B) Agsoftwaregcompanygdevelopsgangapplicationgforgagclient.
C) Agpurchasinggdepartmentgemployeegnegotiatesgagpricegongpartsgwithgagsupplier.
D) Allgofgthesegchoicesgaregcorrect.
18) Theginseparablegrelationshipgbetweengbusinessgandgsocietygresultsgingwhichgofgthegfollowing?
A) Allgbusinessgdecisionsghavegagsocialgimpact.
B) Thegvitalitygofgbusinessgdependsgongsociety'sgactionsgandgattitudes.
C) Thegsurvivalgofgbusinessgisgindependentgofgsociety.
D) Bothg“Allgbusinessgdecisionsghavegagsocialgimpact”gandg“Thegvitalitygofgbusinessgd
ependsgongsociety’sgactionsgandgattitudes”g aregcorrect.
19) Whichgofgthegfollowinggstatementsgisgnotgtruegaboutgtheginteractivegsocialgsystem?
A) Businessgandgsocietygneed,gasgwellgasginfluence,geachgother.
B) Thegboundarygbetweengbusinessgandgsocietygisgcleargandgdistinct.
C) Businessgisgagpartgofgsociety,gandgsocietygpenetratesgfargandgoftengintogbusiness.
D) Businessgandgsocietygaregbothgseparategandgconnected.
20) Agfirmgsubscribinggtogthegshareholdergtheorygofgthegfirmgwouldgmainlygbegconcernedgwithgp
rovidingglong-termgvaluegforgits
A) investors.
B) customers.
C) boardgofgDirectors.
D) community.
, 21) Corporationsgthatgfollowgthegstakeholdergtheorygofgthegfirmgcreategvaluegby
A) constantlyginnovatinggnewgproducts.
B) increasinggtheirgstockgprice.
C) developinggtheirgemployees’gskills.
D) Allgofgthesegchoicesgaregcorrect.
22) Whichgargumentgsaysgthatgstakeholdergmanagementgrealisticallygdepictsghowgcompaniesgr
eallygwork?
A) descriptivegargument
B) instrumentalgargument
C) normativegargument
D) fiduciarygargument
23) Theginstrumentalgargumentgstatesgthatgstakeholdergmanagementgis
A) agmoregrealisticgdescriptiongofghowgcompaniesgreallygwork.
B) moregeffectivegasgagcorporategstrategy.
C) simplygthegrightgthinggtogdo.
D) determinedgbygthegamountgofgstockgissued.
24) Thegfiduciarygdutygofgmanagersgbenefitsgagfirm's
A) shareholders.
B) customers.
C) employees.
D) Allgofgthesegchoicesgaregcorrect.
25) ThegmaingreasongagnumbergofgEuropeangcountriesgrequiregpublicgcompaniesgtogincludege
mployeegmembersgongtheirgboardsgofgdirectorsgisgthat
A) thegemployeesgwillgbegavailablegtoganswergothergboardgmembers'gquestions.
B) managementgwillgnotghavegtogattendgthegmeetings.
C) employees'ginterestsgwillgbegexplicitlygrepresented.
D) employeesgwillghavegmoregpowergthanganygothergstakeholder.
26) Stakeholderggroupsgcanginclude
A) shareholders.
B) businessgsupportggroups.
C) environmentalgactivists.
D) Allgofgthesegchoicesgaregcorrect.
g g
Business and Society Stakeholders Ethics Public Policy 17th Edition By AnneLawren
g g g g g g g g g g g
ce
Chapter 1- g
19 Answers are at the end of Each chapterChapter 1
g g g g g g g g g g
Student name:
g g
TRUE/FALSEg-gWriteg'T'gifgthegstatementgisgtruegandg'F'gifgthegstatementgisgfalse.
1) Agbusinessgisganygorganizationgthatgisgengagedgingmakinggagproductgorgprovidinggagservicegforgag
profit.
⊚g true
⊚g false
2) Thegtermgstakeholdergrefersgexclusivelygtogthegfoundersgofgagbusinessgorganization.
⊚g true
⊚g false
3) Businessesgandgsocietygaregindependentgofgeachgother.
⊚g true
⊚g false
4) Thegstakeholdergtheorygofgthegfirmgarguesgthatgagfirm’sgsolegpurposegisgtogcreateglong-
termgvaluegforgitsgshareholders.
⊚g true
⊚g false
5) Theginstrumentalgargumentgforgthegstakeholdergtheorygofgthegfirmgsaysgthatgcompaniesgp
erformgbettergifgtheygconsidergthegrightsgandgconcernsgofgmultipleggroupsgingsociety.
⊚g true
⊚g false
6) Thegnormativegargumentgforgthegstakeholdergtheorygofgthegfirmgsaysgthatgthegstakeholdergviewgi
sgsimplygagmoregrealisticgdescriptiongofghowgcompaniesgreallygwork.
⊚g true
⊚g false
,7) Nonmarketgstakeholdersgaregthosegthatgengagegingeconomicgtransactionsgwithgthegcompanygasgit
g carriesgoutgitsgprimarygpurposegofgprovidinggsocietygwithggoodsgandgservices.
⊚g true
⊚g false
8) Marketgstakeholdersgincludegnongovernmentalgorganizationsgandgbusinessgsupportggroups.
⊚g true
⊚g false
9) Governmentgcangbegconsideredgbothgagmarketgandgagnonmarketgstakeholder.
⊚g true
⊚g false
10) Theginterestsgofgdifferentgstakeholdersgoftengcoincide.
⊚g true
⊚g false
11) Thegfirstgstepgofgstakeholderganalysisgisgtogidentifygrelevantgstakeholders.
⊚g true
⊚g false
12) Somegscholarsghavegsuggestedgthatgmanagersgpaygthegmostgattentiongtogstakeholdersgp
ossessinggthegleastgsalience.
⊚g true
⊚g false
13) Thegorganizationgofgagcorporation’sgboundary-spanninggfunctionsgisgcomplex.
⊚g true
⊚g false
14) Businessesgaregincreasinglygtryinggtogmeetgtheirgcommitmentsgtogmultiplegstakeholders.
⊚g true
⊚g false
15) Thegexternalgenvironmentgofgbusinessgisgstatic.
⊚g true
⊚g false
,MULTIPLEgCHOICEg-
gChoosegthegonegalternativegthatgbestgcompletesgthegstatementgorganswersgthegquestion.
16) Thegrelationshipgbetweengbusinessgandgsocietygisgmostgaccuratelygdescribedgbygwhichgs
tatement?
A) Businessgisgangunboundedgentitygwithingtheglargergboundedgentitygofgsociety.
B) Societygisgagdistinctgboundedgentitygwithingtheglargergboundedgentitygofgbusiness.
C) Businessgisgagdistinctgboundedgentitygseparategfromgthegboundedgentitygofgsociety.
D) Businessgisgagdistinctgboundedgentitygwithingtheglargergboundedgentitygofgsociety.
17) Accordinggtoggeneralgsystemsgtheory,gboundarygexchangesgaregexemplifiedgbygwhichgofgthegf
ollowing?
A) Angindustrialgcompanyginstallsgnewgequipmentgingitsgplantgtogcomplygwithge
nvironmentalgregulations.
B) Agsoftwaregcompanygdevelopsgangapplicationgforgagclient.
C) Agpurchasinggdepartmentgemployeegnegotiatesgagpricegongpartsgwithgagsupplier.
D) Allgofgthesegchoicesgaregcorrect.
18) Theginseparablegrelationshipgbetweengbusinessgandgsocietygresultsgingwhichgofgthegfollowing?
A) Allgbusinessgdecisionsghavegagsocialgimpact.
B) Thegvitalitygofgbusinessgdependsgongsociety'sgactionsgandgattitudes.
C) Thegsurvivalgofgbusinessgisgindependentgofgsociety.
D) Bothg“Allgbusinessgdecisionsghavegagsocialgimpact”gandg“Thegvitalitygofgbusinessgd
ependsgongsociety’sgactionsgandgattitudes”g aregcorrect.
19) Whichgofgthegfollowinggstatementsgisgnotgtruegaboutgtheginteractivegsocialgsystem?
A) Businessgandgsocietygneed,gasgwellgasginfluence,geachgother.
B) Thegboundarygbetweengbusinessgandgsocietygisgcleargandgdistinct.
C) Businessgisgagpartgofgsociety,gandgsocietygpenetratesgfargandgoftengintogbusiness.
D) Businessgandgsocietygaregbothgseparategandgconnected.
20) Agfirmgsubscribinggtogthegshareholdergtheorygofgthegfirmgwouldgmainlygbegconcernedgwithgp
rovidingglong-termgvaluegforgits
A) investors.
B) customers.
C) boardgofgDirectors.
D) community.
, 21) Corporationsgthatgfollowgthegstakeholdergtheorygofgthegfirmgcreategvaluegby
A) constantlyginnovatinggnewgproducts.
B) increasinggtheirgstockgprice.
C) developinggtheirgemployees’gskills.
D) Allgofgthesegchoicesgaregcorrect.
22) Whichgargumentgsaysgthatgstakeholdergmanagementgrealisticallygdepictsghowgcompaniesgr
eallygwork?
A) descriptivegargument
B) instrumentalgargument
C) normativegargument
D) fiduciarygargument
23) Theginstrumentalgargumentgstatesgthatgstakeholdergmanagementgis
A) agmoregrealisticgdescriptiongofghowgcompaniesgreallygwork.
B) moregeffectivegasgagcorporategstrategy.
C) simplygthegrightgthinggtogdo.
D) determinedgbygthegamountgofgstockgissued.
24) Thegfiduciarygdutygofgmanagersgbenefitsgagfirm's
A) shareholders.
B) customers.
C) employees.
D) Allgofgthesegchoicesgaregcorrect.
25) ThegmaingreasongagnumbergofgEuropeangcountriesgrequiregpublicgcompaniesgtogincludege
mployeegmembersgongtheirgboardsgofgdirectorsgisgthat
A) thegemployeesgwillgbegavailablegtoganswergothergboardgmembers'gquestions.
B) managementgwillgnotghavegtogattendgthegmeetings.
C) employees'ginterestsgwillgbegexplicitlygrepresented.
D) employeesgwillghavegmoregpowergthanganygothergstakeholder.
26) Stakeholderggroupsgcanginclude
A) shareholders.
B) businessgsupportggroups.
C) environmentalgactivists.
D) Allgofgthesegchoicesgaregcorrect.
